Home » Pounds To Dollars Daily Chart » Forex Pounds to Dollars 11 May 2010

Forex Pounds to Dollars 11 May 2010

Pounds to Dollars 11 May 2010

It seems that sterling is predicted to fall by at least 10% (according to J P Morgan) and  BNP Paribas even suggesting that the UK will lose its AAA rating should a Lib-Lab coalition be attempted.  However, the confusion surrounding sterling is clearly evident in the daily chart as cable looks to be precariously poised at the key support around 1.4750/1.480.  With record futures volume recorded there is no shortage of speculation but if cable can hold above this level this week then the bias will be to the upside.

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Sterling News :

Dead Brown Bounce